Key Trump Quotes on Powell as Fed Remains in the Firing Line

Federal Reserve Chairman Jerome Powell has been publicly criticized by President Donald Trump for raising interest rates in 2018 and shrinking its balance sheet. Trump said the steps will stifle the economy’s growth, and continued to attack the U.S. central bank even after it cut rates in July and halted the run-off of its securities holdings.

Powell has avoided direct comment but has repeatedly stressed the importance of the Fed’s independence from political pressure and its commitment to transparency and accountability to Congress.